The Sarbanes-Oxley Act was passed in an effort to
A) protect small business from large corporations dominating the market.
B) ensure that partnerships divide profits among partners in a fair manner.
C) guarantee outside auditors can control corporate accounting practices.
D) control corrupt corporate behavior.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act was passed in response to corporate scandals such as Enron and WorldCom, with the aim of controlling corrupt corporate behavior. The act established a number of provisions addressing issues such as corporate governance, financial disclosures, and accounting practices.

The Sarbanes-Oxley Act Was Passed in an Effort to